Who
can sign up?
The
following categories are eligible as per SEBI's
rules.
Individuals
HUFs
Companies
NRI
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What
kind of returns can one expect?
Our primary objective is risk management with preservation of capital and prevention of any significant permanent capital loss with a view to generate good returns over a period of time. Our entire process of selection is designed to find investment ideas with a sufficient margin of safety, so that part proceeds can fetch good returns. Although this approach can be termed as conservative.
We expect much higher return than fixed deposit interest rates over a time frame of two to three years. However , our endeavour is to perform better than this. At the same time, one cannot guarantee of positive returns all the time and over a short period of time.
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How do you take care of hassle free custody of investment, banking and settlements?
The group has a depository which will act as your custodian of investments in your account and for a nominal fee. This in-house depository will facilitate our acting as custodians and present you a completely hassle free operation. We are also equipped to handle your Banking (in a special bank account under POA from you) and trading settlement will be carried out by our trained personnel who will ensure that all administrative matters are expeditiously handled and reconciled.
Thus you only have to monitor your portfolio performance through periodic reports from our side. All administrative matters will be off your shoulders saving your valuable time.
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What
services should I expect?
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We are geared to make the whole experience very user friendly
and trouble free.
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You can expect the following from us:
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Online Portfolio Statements including Portfolio Performance
Report.
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Quarterly Transaction Statements, Bank and DP Statements.
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Reports on tax status of the portfolio before the advance
tax due dates.
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How
are you different from a Mutual Fund?
Palsmith PMS offers you a unique combination of equity expertise and personalized service. Your portfolio will be constructed to meet your investment goals at a given level of risk.
Further, we have a stated objective to keep the churn very low. It is a little known fact that high turnover takes away a major part of investment returns. You can monitor the portfolio turnover.
These aspects would not be available to you in a mutual fund.
Importantly, our fee is significantly lower than the basic management fee levied by a mutual fund (pre- performance management fee).
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Why
should I pay a performance fee?
The base asset management fee being charged is much lower than that charged by others, and that is to cover our running costs. We have consciously kept our fee more performance linked, as we strongly believe that it will align the interests of the firm and the client.
You should not be burdened when the portfolio performance is not positive.
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What's the interval for receving ledger / performance report?
The online reports will be updated fortnightly while physical reports will be send on quarterly basis.
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Are Palsmith Portfolio Management services online through internet?
The reports will be available online through internet with security password.
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What is the minimum initial amount Palsmith PMS accepts for an investor while joining the scheme ?
Initially the base amount will be Rs 10 Lacs per investor account. Increments shall be in multiple of Rs 1 Lac.
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Can the investment be withdrawn at any time by the investor?
It can be withdrawn any time with an advance intimation period of two weeks.
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What's the tax implication on returns to the investor? Are they different?
The tax implication remains same as direct investment in equities, as per prevailing tax rates.
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